Auto industry update

June 23, 2009 at 10:45 am

The auto industry worldwide continues to struggle. With Toyota facing its largest losses ever, Akio Toyoda today becomes president of the company founded by his grandfather in 1937. Meantime, the first beneficiaries (reportedly Ford, Nissan, Tesla) finally are being named today for the loan program created by Congress in 2007 to help auto makers retool factories to make new-tech vehicles. School of Management Dean Louis Lataif, a former Ford executive, can discuss the industry big picture.